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[Research Report] The kids bicycle market size is projected to grow from US$ 6,422.81 million in 2022 to US$ 9,379.72 million by 2030; the market is expected to record a CAGR of 4.8% from 2022 to 2030.
Market Insights and Analyst View:
The market is majorly driven by a growing emphasis on an active lifestyle and a surging number of product launches with innovative technologies. Rising awareness regarding childhood obesity and the importance of physical activities has encouraged parents to choose bicycles as a means for their children to stay active. In addition, the rising demand for e-bicycles has further contributed to the kids bicycle market growth.
Growth Drivers and Challenges:
Increasing emphasis on active lifestyles and strategic initiatives by key market players are among the factors contributing to the growing kids bicycle market size. In an ever-evolving industry, companies leverage various strategies to gain a competitive edge, expand their market share, and resonate with their target audience. One prominent strategic initiative is mergers and acquisitions. Companies within the kids bicycle market often merge to consolidate resources, enhance product portfolios, and capitalize on synergies. These strategic moves contribute not only to the growth of individual companies but also to the overall dynamism and competitiveness of the market.
Partnerships and collaborations are also noteworthy strategic initiatives taken by the key players in the kids' bicycle industry. Companies can tap into established networks and leverage existing fan bases by forming alliances with popular brands, entertainment franchises, or educational institutions. Collaborative efforts enable companies to combine their strengths to develop innovative product offerings and effective marketing campaigns that resonate with the preferences of young consumers and their parents. For instance, in November 2023, the Serial 1 e-bike brand, which Harley-Davidson founded, was sold to LEV Manufacturing, Inc., formerly known as Life Electric Vehicles, Inc. Serial 1 will establish e-bike assembly in the US itself, which will lower the price of the bicycles. Serial 1's partnership with LEV Manufacturing ensures its commitment to quality. A dedicated in-house production team in the US will uphold Serial 1's premium e-bike offerings.
The rising demand for e-bicycles has emerged as a kids bicycle market trend, reflecting broader shifts in consumer preferences toward innovative and sustainable transportation solutions for children. E-bicycles, equipped with electric assistance, are gaining popularity due to their ability to offer a unique and exciting riding experience for kids. These bicycles often feature adjustable power levels. Safety is another factor contributing to the rise in demand for e-bicycles in the kids bicycle market. Parents appreciate electric assistance-controlled acceleration and braking capabilities, enhancing the rider's overall safety. This is particularly appealing for parents who may have safety concerns associated with traditional bicycles, as e-bicycles offer additional supervision and control over their child's riding activities.
The environmental consciousness of parents is also influencing the preference for e-bicycles. E-bicycles are perceived as more eco-friendly than traditional bikes, aligning with the growing emphasis on sustainable living. As parents seek ways to instill responsible environmental values in their children, opting for e-bicycles will likely continue its contribute in the kids bicycle market share. Overall, the increasing demand for e-bicycles reflects a convergence of technological innovation, safety considerations, and environmental consciousness, shaping the evolving landscape of kids transportation and recreation.
Safety concerns represent a significant restraint in the kids bicycle market, influencing consumer purchasing decisions and industry dynamics. Parents increasingly prioritize their children's safety during outdoor activities, and bicycles—being a common choice for recreational and transportation purposes—are under scrutiny. One major concern prompting parents to seek bicycles with advanced safety features is the potential for accidents and injuries. This heightened awareness has shifted consumer preferences toward bikes equipped with enhanced braking systems, durable materials, and visibility enhancements to ensure a safer riding experience for children. The fear of accidents and injuries has increased the demand for protective gear such as helmets, knee pads, and elbow pads. While these accessories contribute to child safety, they also add an extra cost for parents. The overall cost of ensuring a safe biking experience, including purchasing safety gear and potentially more expensive bicycles with advanced safety features. Thus, increasing safety concerns impede the kids bicycle market growth.
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Kids Bicycle Market: Strategic Insights
Market Size Value in US$ 6,422.81 million in 2022 Market Size Value by US$ 9,379.72 million by 2030 Growth rate CAGR of 4.8% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Kids Bicycle Market: Strategic Insights
| Market Size Value in | US$ 6,422.81 million in 2022 |
| Market Size Value by | US$ 9,379.72 million by 2030 |
| Growth rate | CAGR of 4.8% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Report Segmentation and Scope:
The global kids bicycle market analysis is carried out by considering the following segments - product type, distribution channel, and geography. Based on product type, the market is bifurcated into battery-operated and manual. Based on distribution channel, the kids bicycle market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The scope of the kids bicycle market report includes North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Segmental Analysis:
Based on product type, the kids bicycle market is bifurcated into battery-operated and manual. The manual segment is anticipated to hold a significant kids market share by 2030. The manual segment of the market comprises traditional bicycles that rely on the physical effort of the rider to move them forward. These bicycles come in various sizes and designs, catering to different age groups and skill levels. Manual bicycles are fundamental for teaching children essential motor skills, balance, and coordination. Parents often opt for these classic bicycles as they offer a timeless and physically engaging way for kids to enjoy outdoor activities while contributing to their overall development.
Regional Analysis:
The kids bicycle market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. In terms of revenue, Asia Pacific dominated the kids bicycle market share; the market in this region was valued at US$ 2,167.70 million in 2022. North America is the second major contributor to the market, which holds ~28% of the global market. North America is witnessing increasing demand for kids' bicycles owing to rising awareness of childhood obesity. A growing emphasis on promoting a healthy and active lifestyle for children is being driven by increasing awareness of childhood obesity and sedentary behavior. As parents and caretakers prioritize physical activity, the demand for bicycles as a means of exercise and outdoor recreation for children has risen. Cycling burns calories, promotes fitness, and builds muscle and coordination, making it a fun and effective tool for healthy development.
The COVID-19 pandemic has also played a role in rising demand for kids bicycles. With lockdowns and restrictions limiting various outdoor sports and recreational activities, parents sought alternative ways to keep their children engaged and active. Bicycling emerged as a safe and enjoyable outdoor activity where kids can enjoy and be active while maintaining social distancing. This factor contributed to the heightened demand for kids' bicycles. For the past two decades, the Corvallis School District (CSD) in Oregon, US has encouraged students to walk and bike to school. All fifth-grade students participate in a weeklong bicycle safety class, which is expected to be soon expanded to include other grades. Under the Safe Routes to School (SRTS) programs, parents, schools, community leaders, and local, state, and federal governments are enabling and encouraging the walk and bicycling to schools to improve the health and well-being of children.
Asia Pacific is home to 60% of the world's population, nearly 4.3 billion people, and includes the world's most populous countries, China and India. With a rising emphasis on promoting healthy lifestyles for children and a growing middle-class population, the demand for kids bicycles has witnessed significant traction in recent years. In countries such as China and India, where urbanization and changing lifestyles are prominent, there is a heightened awareness among parents about the importance of outdoor activities for children. This awareness has translated into an increased demand for kids bicycles as a means to encourage physical activity and provide a mode of recreation.
Kids Bicycle Market Report Scope
Industry Developments and Future Opportunities:
Various initiatives taken by key players operating in the kids bicycle market are listed below:
- In 2021, Specialized Bicycle Components Inc. introduced the Jett, an adjustable kid's bike designed to promote a lifetime of riding. The bike is perfectly proportional and child-liftable, making it ideal for roads and neighborhoods.
- In 2023, Paco Bike Co Ltd launched a number of new models, which comprise 20" Racing Road Bike, 24" Pro Road Bike Disc, and 26" Prorace CX Disc.
- In July 2023, ToysRus announced its plan to reintroduce its exclusive collection of children's bicycles. The company specializes in toys for children of various ages, providing everything from simple toys to large, complex ones. They personalize bicycles with superheroes and Disney princesses to attract children's attention and increase sales.
Competitive Landscape and Key Companies:
SCOTT Sports SA, Cycling Sports Group Inc, GT Bicycles LLC, Merida Industry Co Ltd, BikeCo LLC, Kona Bicycle Co, Paco Bike Co Ltd, Specialized Bicycle Components Inc, Trek Bicycle Corp, and Giant Manufacturing Co Ltd are key players profiled in the kids bicycle market report. These market players are adopting strategic development initiatives to expand, further driving the market growth.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The major players operating in the global kids bicycle market are are SCOTT Sports SA, Cycling Sports Group Inc, GT Bicycles LLC, Merida Industry Co Ltd, BikeCo LLC, Kona Bicycle Co, Paco Bike Co Ltd, Specialized Bicycle Components Inc, Trek Bicycle Corp, and Giant Manufacturing Co Ltd.
Based on product type, manual segment mainly has the largest revenue share. The manual segment of the kids' bicycle market comprises traditional bicycles that rely on the physical effort of the rider to move them forward. These bicycles come in various sizes and designs, catering to different age groups and skill levels. Manual bicycles are fundamental for teaching children essential motor skills, balance, and coordination.
In an ever-evolving industry, companies leverage various strategies to gain a competitive edge, expand their market share, and resonate with their target audience. One prominent strategic initiative is mergers and acquisitions. Companies within the kids bicycle market often merge to consolidate resources, enhance product portfolios, and capitalize on synergies. These strategic moves contribute not only to the growth of individual companies but also to the overall dynamism and competitiveness of the market.
The e-commerce industry also provides a platform for targeted marketing strategies. Manufacturers can leverage data analytics to understand consumer preferences and tailor their marketing efforts accordingly. This personalized approach allows more effective communication with parents, addressing their needs and concerns about kids bicycles. As the e-commerce ecosystem continues to evolve, companies in the kids bicycle market can harness these opportunities to enhance their online presence, streamline distribution channels, and ultimately drive growth in a digital retail landscape.
Based on the distribution channel, specialty stores segment is hold a significant share in the market. Specialty stores offer expertise, personalized service, and specialized product knowledge for any particular product. Specialty stores focusing on bicycles typically have knowledgeable staff who can guide parents in choosing the right bicycle based on a child's age, size, and specific needs. The dedicated focus on bicycles in these stores ensures a more comprehensive selection of high-quality products, including accessories and safety gear.
Asia Pacific accounted for the largest share of the global kids bicycle market. Asia Pacific is home to 60% of the world's population, nearly 4.3 billion people, and includes the world's most populous countries, China and India. With a rising emphasis on promoting healthy lifestyles for children and a growing middle-class population, the demand for kids bicycles has witnessed significant traction in recent years. In countries such as China and India, where urbanization and changing lifestyles are prominent, there is a heightened awareness among parents about the importance of outdoor activities for children. This awareness has translated into an increased demand for kids bicycles as a means to encourage physical activity and provide a mode of recreation.
The List of Companies - Kids Bicycle Market
- SCOTT Sports SA
- Cycling Sports Group Inc
- GT Bicycles LLC
- Merida Industry Co Ltd
- BikeCo LLC
- Kona Bicycle Co
- Paco Bike Co Ltd
- Specialized Bicycle Components Inc
- Trek Bicycle Corp
- Giant Manufacturing Co Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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